jetBlue Results Presentation Deck
Moderating Capacity Expected To Drive Revenue Improvement
Guidance
5.5% to 8.5%
jetBlue
3Q23 vs. 3Q22 Actuals
7.1%
ASMS
0.5% to 3.5%
(8.2%)
4Q23 vs. 4Q22
ASMS
Revenue
Guidance
(8.0%) to (4.0%)
(10.5%) to (6.5%)
Revenue
Expecting ATC Challenges in Northeast to Dissipate in Winter
Unusually high level of convective weather in Northeast in
September, exacerbated by ATC staffing shortfalls, drove extended
delays and cancellations, negatively impacting 3Q flight revenue
ā
Northeast ATC challenges expected to improve in 4Q with less
convective weather
Disciplined Approach to Capacity Growth in 4Q
Excess industry capacity during off peak periods is driving domestic
yield pressure; international is exhibiting greater resilience
JetBlue is proactively managing capacity with a five point sequential
reduction in scheduled capacity in 4Q vs 3Q
Extension of 10% NYC-area slot waiver provides additional support
Healthy Peak-Period Air Travel Demand
4Q demand for holiday travel is healthy, tracking in-line with
expectations
Corporate bookings have accelerated post-Labor Day
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